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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Other Intangible Assets

The following table summarizes the Company’s goodwill and other intangible assets at March 31, 2020 and December 31, 2019:

 

 

 

 

 

 

 

 

(In thousands)

March 31, 2020

 

 

December 31, 2019

 

Goodwill

$

43,061

 

 

$

485,336

 

Core deposit intangible, net of accumulated amortization of $65,793 and $60,836, respectively

 

85,829

 

 

 

90,788

 

Customer lists, net of accumulated amortization of $22,488 and $21,908, respectively

 

11,369

 

 

 

11,993

 

Noncompete agreements, net of accumulated amortization of $172 and $137, respectively

 

1,184

 

 

 

1,473

 

Trademarks, net of accumulated amortization of $95 and $75, respectively

 

1,339

 

 

 

1,359

 

Total goodwill and intangible assets, net

$

142,782

 

 

$

590,949

 

Summary of Changes to Carrying Amount of Goodwill by Segment

The following table represents changes to the carrying amount of goodwill by segment for the period reported.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Banking

 

 

Financial Services

 

 

Corporate

 

 

Consolidated

 

Balance as of December 31, 2019

 

$

442,579

 

 

$

42,757

 

 

$

 

 

$

485,336

 

Additions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth & Pension acquisition

 

 

 

 

 

304

 

 

 

 

 

 

304

 

Other

 

 

1,116

 

 

 

 

 

 

 

 

 

1,116

 

Losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impairment

 

 

(443,695

)

 

 

 

 

 

 

 

 

(443,695

)

Balance as of March 31, 2020

 

$

 

 

$

43,061

 

 

$

 

 

$

43,061